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  • Budget Gimmicks

    A Path to Balance in Five Steps: What to Look for in the Ryan Budget

    The House Budget Committee will deliver its budget resolution—which would eliminate the deficit within 10 years—ahead of Congress’s statutory deadline of April 15. The Senate, on the other hand, has already announced that it would not bother producing a budget this year, relying instead on the Ryan–Murray budget deal struck … More

    Congress Spent Your Money on Some Crazy Things Last Year. Will 2014 Be Any Different?

    Can you guess which project was funded with your tax dollars? A) $98,000 outhouse on an Alaskan trail B) $1 million bus stop with heated pavement C) Caribbean vacation for bureaucrats staying at a swanky resort D) All of the above If you answered “all of the above,” you’ve either … More

    What to Expect from the Trillion-Dollar Omnibus

    Lawmakers in charge of funding the government with taxpayer dollars are getting closer every day to finishing their work on the trillion-dollar-plus fiscal year 2014 omnibus spending bill. If the spending bills drafted in 2013 are any indication, this year’s version will be loaded with pork projects and government programs … More

    Congress Should Do These 3 Things in the Next 31 Days

    In the next 31 days—starting today—the budget conference committee will try to accomplish something Congress has failed to do for the past four years… Agree on a budget. But not just any budget. This one needs to tackle the key driver of spending and debt: entitlement spending. Think of it … More

    Reid Suggests Exploiting Budget Gimmicks for Sequestration

    Senate Majority Leader Harry Reid (D–NV) is proposing not one but two old budget gimmicks to spend $85 billion more in 2013 than allowed under sequestration. Contrary to Senator Reid’s claim that “it wouldn’t add a penny to the deficit,” this spending would in fact add every single penny in … More

    5 New Year’s Resolutions for Congress in 2013

    While many Americans resolve to make 2013 the year they really do slim down, exercise more, and spend less, Congress could afford to commit to a few such resolutions of its own. Call them budget resolutions—something Congress hasn’t had in a while. Here are five suggestions: Cut spending. The federal … More

    Morning Bell: What Will the Fiscal Cliff Deal Look Like?

    This week, President Obama and House Speaker John Boehner (R-OH) have been trading secret offers on the fiscal cliff. Last night, they met for nearly an hour, and emerged with zipped lips about what progress—if any—they made on averting tax hikes across the board and automatic, deep budget cuts that … More

    Chart of the Week: Obamacare's Bundle of Budget Gimmicks

    President Obama has touted reports from the Congressional Budget Office claiming his health care law would actually decrease the deficit. But due to a bundle of budget gimmicks and other legislation, calculations show that Obamacare actually adds $698 billion to the deficit. This week’s chart outlines each of those budget … More

    Don’t Be Fooled - House Health Care Bill Would Raise Long-Term Deficits

    Contrary to several reports, the House Democratic health care bill (H.R. 3200) is not deficit-neutral, but would raise deficits to alarming new levels over the long term. It would do this by relying on several old warhorse budget gimmicks. According to the Congressional Budget Office (CBO), H.R. 3200 would increase … More